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CORRECTING and REPLACING -- Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Audience, Inc. to Inquire About Securities Fraud Class Action Lawsuit -- ADNC(September 19, 2012)
STEVENSON, Md., Sept. 19, 2012 (GLOBE NEWSWIRE) -- In a press release issued earlier today by Brower Piven, A Professional Corporation, concerning Audience, Inc., certain information was inadvertently included. The full, corrected release follows:
Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Superior Court of the State of California, County of Santa Clara, on behalf of all persons who purchased or otherwise acquired the common stock of Audience, Inc. ("Audience" or the "Company") (Nasdaq:ADNC) pursuant and/or traceable to the Company's Registration Statement and Prospectus ("Offering Documents") issued in connection with its May 9, 2012 initial public offering ("IPO").
If you have suffered a net loss for all transactions in Audience, Inc. in connection with its May 9, 2012 IPO, you may obtain additional information about this lawsuit by contacting Brower Piven at www.browerpiven.com, by email at [email protected], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.
The complaint accuses the defendants of violations of the Securities Act of 1933 by virtue of the Company's failure to disclose in the Offering Documents that the Company was in danger of losing its most lucrative and high-profile client. According to the complaint, after, on September 6, 2012, the Company announced that its earSmart technology would not be selected for use in Apple's iPhone 5, the value of Audience shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
Related Keywords: CLASS ACTION LAWSUITS Inc., Apple Computer, Financial, Email, Other,